News Summary

• CloudNC has raised $20mn to push its AI machining software into more workshops and launch a second product aimed at quoting.
• The round is led by Nimble Ventures, a US venture investor, with Calculus Venture Capital, Entrepreneur First and LM Ventures, Lockheed Martin’s venture arm, also taking part.
• The London-headquartered company will spend the money on commercial expansion in existing and new markets and on building out its product line.
• Its current product, CAM Assist, attacks the slowest step in computer-controlled machining.